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Happy Holidays

Monday Morning Interest Rate Update for December 21, 2020

by David Larock

I would like to wish my readers a healthy and happy holiday season.

I’ll be off until the new year. In the meantime, here are links to my recent blog posts that address five key mortgage questions:

  1. Is Another Bank of Canada Rate Cut on the Way?
  2. Have Canadian Mortgage Rates Bottomed?
  3. What Will Happen to Mortgage Rates When the Pandemic Ends?
  4. Should You Choose a Fixed- or Variable-Rate Mortgage? (Right Now It’s No Contest)
  5. When Will Canadian Mortgage Rates Rise?

Here also are links to my posts and calculators that will be useful to anyone who is actively looking to purchase right now:

Pre-approvals: Why They Aren’t Worth the Paper They’re Written on and Why You Should Still Get One

Closing Costs – The Stomach Punch of the Home Buying Process

Closing-Cost calculator

Bridge Financing – A Solution When Buy and Sell Dates Don’t Overlap

Bridge-Loan Calculator

What Every Canadian Borrower Needs to Know about Fixed-Rate Mortgage Penalties

What’s in Your Mortgage Contract’s Fine Print?

The Bottom Line: I expect the current trend of gradually falling fixed and variable rates to continue as the calendar flips to 2021.

David Larock is an independent full-time mortgage broker and industry insider who helps Canadians from coast to coast. If you are purchasing, refinancing or renewing your mortgage, contact Dave or apply for a Mortgage Check-up to obtain the best available rates and terms.
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